H&R REIT: Repositioning For Success

Toronto, Canada benedek/E+ via Getty Images Note: All amounts are in Canadian Dollars unless specified otherwise It has been about 9 months since we backed the repositioning strategy for H&R REIT (TSX:HR.UN:CA). Our rationale was that office assets are depressing the overall valuation, and it was hard to lose money from that point. We could afford to have all the patience in the world when the price was right. In addition H&R has a huge percentage of NOI coming from residential, which should trade at a far ...